Fixed Income

BGF Global High Yield Bond Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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Performance

Performance

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Sep 29, 2020 USD 1,587.190
Base Currency U.S. Dollar
Fund Inception Date Dec 22, 1998
Share Class Inception Date Jun 6, 2012
Asset Class Fixed Income
Morningstar Category Global High Yield Bond
Benchmark Index ICE BofAML Global High Yield Constrained (HW0C) 100% USD Hedged Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0784402520
Bloomberg Ticker BGGHA6H
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B86N332
Bloomberg Benchmark Ticker MLGHYCUSH
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment HKD 5000
Minimum Subsequent Investment -
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Aug 31, 2020 9.42
5y Volatility - Benchmark as of Aug 31, 2020 8.16
5y Beta as of Aug 31, 2020 0.934

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Global High Yield Bond Fund, Class A6 Hedged, as of Aug 31, 2020 rated against 590 Global High Yield Bond Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Aug 31, 2020
Name Weight (%)
ISHARES $ HIGH YIELD CRP BND ETF $ 1.29
PETROLEOS MEXICANOS 6.375 01/23/2045 1.02
ALLIED UNIVERSAL HOLDCO LLC 144A 6.625 07/15/2026 0.45
CSC HOLDINGS LLC 144A 4.625 12/01/2030 0.42
ALTICE FRANCE HOLDING SA 144A 10.5 05/15/2027 0.41
Name Weight (%)
PETROBRAS GLOBAL FINANCE BV 144A 5.093 01/15/2030 0.39
VERSCEND ESCROW CORP 144A 9.75 08/15/2026 0.39
ALTICE FINANCING SA 144A 7.5 05/15/2026 0.39
CONNECT FINCO SARL 144A 6.75 10/01/2026 0.38
PETROBRAS GLOBAL FINANCE BV 6.85 06/05/2115 0.35
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
A6 Hgd HKD Monthly 50.97 0.13 0.26 53.62 40.67 - LU0784402520 - -
A1 EUR Daily 5.03 0.02 0.40 5.32 4.02 - LU0118259661 - -
C2 USD Accumulating 22.95 0.06 0.26 23.44 17.86 - LU0331284447 - -
E2 EUR Accumulating 20.68 -0.04 -0.19 22.82 17.43 - LU0628613712 - -
D2 USD Accumulating 28.95 0.08 0.28 29.53 22.31 - LU0297941899 - -
D2 Hgd EUR Accumulating 18.27 0.05 0.27 18.77 14.24 - LU0368267034 - -
A2 Hgd EUR Accumulating 17.08 0.04 0.23 17.63 13.37 - LU0093504206 - -
D2 Hgd GBP Accumulating 19.87 0.05 0.25 20.46 15.48 - LU0372548783 - -
E2 Hgd EUR Accumulating 15.36 0.04 0.26 15.89 12.05 - LU0093505864 - -
D5 Hgd GBP Quarterly 8.72 0.02 0.23 9.33 6.96 - LU1072327023 - -
Class E5 Hedged EUR Quarterly 9.87 0.03 0.30 10.51 7.88 - LU0500207039 - -
A8 Hgd CNH Monthly 102.77 0.29 0.28 107.45 81.45 - LU1919856135 - -
C1 Hgd EUR Daily 5.14 0.01 0.19 5.44 4.11 - LU0147394323 - -
X2 Hgd EUR Accumulating 20.92 0.05 0.24 21.40 16.25 - LU0147394752 - -
A6 Hgd SGD Monthly 9.45 0.02 0.21 10.07 7.59 - LU1830001522 - -
C2 Hgd EUR Accumulating 13.35 0.03 0.23 13.88 10.51 - LU0147394596 - -
X2 USD Accumulating 11.52 0.03 0.26 11.75 8.85 - LU0580566189 - -
A5 EUR Quarterly 10.43 -0.02 -0.19 11.85 8.95 - LU1125545993 - -
D3 Hgd EUR Monthly 5.02 0.02 0.40 5.30 4.01 - LU0827882472 - -
D3 USD Monthly 8.02 0.03 0.38 8.32 6.33 - LU0827882126 - -
A2 Hgd SEK Accumulating 13.55 0.04 0.30 13.95 10.56 - LU0797429023 - -
A1 USD Daily 7.91 0.02 0.25 8.21 6.24 - LU0171284770 - -
I2 USD Accumulating 29.20 0.08 0.27 29.78 22.48 - LU0369584726 - -
I2 Hgd EUR - 10.59 0.03 0.28 10.87 8.25 - LU1791806000 - -
C1 USD Daily 8.10 0.02 0.25 8.42 6.40 - LU0331284363 - -
A2 USD Accumulating 26.97 0.07 0.26 27.52 20.86 - LU0171284937 - -
I2 Hgd CAD Accumulating 12.89 0.03 0.23 13.17 10.00 - LU1153585705 - -
A6 USD Monthly 6.76 0.02 0.30 7.11 5.40 - LU0764618640 - -
A3 USD Monthly 7.97 0.02 0.25 8.27 6.29 - LU0172401969 - -
A2 Hgd PLN Accumulating 14.57 0.04 0.28 15.03 11.38 - LU0849758007 - -
I3 USD Monthly 10.38 0.03 0.29 10.77 8.19 - LU0764819032 - -
A3 Hgd EUR Monthly 4.99 0.02 0.40 5.27 3.98 - LU0172401704 - -
A8 Hgd ZAR Monthly 87.78 0.24 0.27 93.35 70.34 - LU1023055319 - -
A2 Hgd GBP Accumulating 18.71 0.05 0.27 19.34 14.63 - LU0567554463 - -
Class AI2 Hedged EUR - 10.27 0.03 0.29 10.59 8.03 - LU1960223250 - -
E2 USD Accumulating 24.25 0.07 0.29 24.75 18.80 - LU0171285157 - -
Class AI5 Hedged EUR - 10.23 0.02 0.20 10.56 8.01 - LU1960223334 - -
A8 Hgd AUD Monthly 6.48 0.02 0.31 6.92 5.19 - LU0871640040 - -
X4 Hgd EUR Annual 8.59 0.02 0.23 9.28 7.05 - LU0984200880 - -

Portfolio Managers

Portfolio Managers

Jimmy Keenan
Managing Director, Chief Investment Officer and Global Co-Head of Credit

Jimmy E. Keenan, CFA, Managing Director, is Chief Investment Officer and Global Co-Head of Credit within BlackRock Alternative Investors (BAI).

Jose Aguilar
Jose Aguilar
David Delbos
Co-Head of US High Yield, Global Credit

David Delbos

Mitchell S. Garfin, CFA
Managing Director, Co-Head of Leveraged Finance

Mitchell Garfin

James Turner
Managing Director, Head of European Leveraged Finance

James Turner

Literature

Literature